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Hammerson sells Gloucester retail park – Hammerson has exchanged contracts on the sale of St Oswald’s Retail Park, Gloucester, to a local authority for GBP54m. The sale price reflects a net initial yield of 8.5%, and is 8% below the 30 June 2019 book value. The 20,900 square metre scheme, which is located to the north […]

Hammerson has agreed a deal to sell a retail park in Scotland for £67m as it continues its disposal programme to reduce debt. The sale of Abbotsinch Retail Park, in Paisley, means it has now exceeded its minimum disposal target of £500m in the year. Following the sale of a major stake in its Italie Deux shopping centre […]

Hammerson continues non-core sell-off as NAV falls again – Hammerson has reported another fall in net asset value and announced the sale of its stake in a Paris mall. NAV per share dropped by 7.2% in the first six months of the year, while net rental income fell 12.3% to £156.6m. Adjusted profit for the half […]

Hammerson steps up disposal programme – Hammerson has published results for the year ended 31 December 2018. Highlights were: A 4.9% fall in EPRA NAV to 738p Impacted by a weaker investment market, UK property values fell during the second half of 2018 by -9.3%, the overall portfolio produced a 12 month capital return of -4.3% […]

Hammerson begins a £300m buyback programme – In its interim results report published today, listed property REIT  Hammerson (HMSO) has announced that it has begun a share buyback programme for £300 million. The company confirmed that the programme had begun in a separate announcement released shortly after the interim statement was published. The buyback programme is part of […]

Hammerson sells Imperial and Fife Central Retail Parks – Hammerson plc has exchanged contracts for the sale of two retail parks, Imperial Retail Park, Bristol and Fife Central Retail Park, Kirkcaldy, for a total consideration of GBP164m to Capreon. This transaction brings Hammerson’s total proceeds from disposals in 2018 to GBP300m. Imperial Retail Park, acquired in 2012 […]

Hammerson withdraws from its offer for Intu – On 6 December 2017, Hammerson (HMSO) announced an all-share offer for Intu Properties (INTU). HMSO has decided to with draw from the offer. HMSO had itself been subject to a take over bid from Klépierre, a French real estate investment trust and Europe’s second-biggest publicly traded mall operator, which it […]

Klepierre made bid approach to Hammerson – Klépierre has confirmed that “on 8 March 2018, Klépierre made a proposal on a non-adversarial basis to the board of Hammerson with the intention of engaging in a constructive dialogue regarding a possible offer to acquire the issued and to be issued share capital of Hammerson on a […]

Hammerson reports well positioned portfolio and leasing driving performance – British property development and investment company Hammerson plc (HMSO) has reported that it has a 98.3% occupancy rate, which is a 17-year high. The achieved level of lettings in 2017 was the highest in the REIT‘s* 75 year history. This activity contributed to a 6.5% uplift in Earnings Per […]

Hammerson sells Battery Retail Park in Birmingham – Hammerson plc has exchanged contracts for the sale of Battery Retail Park, Birmingham, to NFU Mutual for GBP57.5 million. The retail park, covering a total of 12,600m(2) , is located in Selly Oak, south west of Birmingham city centre. Built in 1990, Battery Retail Park has benefitted […]